Chunghwa Telecom (NYSE:CHT) Cut to Hold at StockNews.com

StockNews.com cut shares of Chunghwa Telecom (NYSE:CHT) from a buy rating to a hold rating in a research report report published on Tuesday morning.

Chunghwa Telecom Stock Performance

Shares of CHT stock opened at $38.99 on Tuesday. The firm has a market capitalization of $30.25 billion, a P/E ratio of 26.17, a P/E/G ratio of 21.42 and a beta of 0.20. Chunghwa Telecom has a 12 month low of $35.92 and a 12 month high of $40.62. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.47 and a quick ratio of 1.29. The company’s fifty day moving average price is $38.20 and its two-hundred day moving average price is $38.33.

Chunghwa Telecom (NYSE:CHT) last issued its quarterly earnings results on Thursday, January 23rd. The utilities provider reported $0.36 EPS for the quarter. Chunghwa Telecom had a net margin of 16.18% and a return on equity of 9.53%. On average, research analysts anticipate that Chunghwa Telecom will post 1.44 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Chunghwa Telecom

Several institutional investors have recently modified their holdings of the company. Allspring Global Investments Holdings LLC boosted its position in shares of Chunghwa Telecom by 27.9% during the third quarter. Allspring Global Investments Holdings LLC now owns 27,887 shares of the utilities provider’s stock worth $1,106,000 after buying an additional 6,087 shares during the period. Allworth Financial LP boosted its position in Chunghwa Telecom by 40.5% during the 3rd quarter. Allworth Financial LP now owns 919 shares of the utilities provider’s stock worth $36,000 after acquiring an additional 265 shares during the period. BSW Wealth Partners bought a new position in shares of Chunghwa Telecom in the third quarter worth $208,000. Crossmark Global Holdings Inc. increased its holdings in shares of Chunghwa Telecom by 12.9% during the third quarter. Crossmark Global Holdings Inc. now owns 101,894 shares of the utilities provider’s stock valued at $4,042,000 after purchasing an additional 11,663 shares during the period. Finally, OneDigital Investment Advisors LLC raised its stake in shares of Chunghwa Telecom by 6.2% during the third quarter. OneDigital Investment Advisors LLC now owns 7,964 shares of the utilities provider’s stock valued at $316,000 after purchasing an additional 468 shares in the last quarter. Institutional investors own 2.11% of the company’s stock.

About Chunghwa Telecom

Chunghwa Telecom Co, Ltd., together with its subsidiaries, provides telecommunication services in Taiwan and internationally. It operates through Consumer Business, Enterprise Business, International Business, and Others segments. The company offers local, domestic long distance, and international long distance fixed-line telephone services; mobile services such as prepaid and postpaid plans; broadband plans; and internet and data services.